The Economy Ministry secured AR$751.74 billion in its bond auction yesterday in the first round of May, where it faced maturities for AR$589 billion. With this result, net financing so far this year is more than AR$910 billion. In this auction, 1,373 bids were received for AR$808.85 billion, of which AR$605.59 billion were adjudicated, representing an effective value of AR$751.74 billion. Today the second round of the auction will take place. Three other instruments with 2023 maturities were reopened: two inflation-adjusted ones –the X18S3, maturing on September 18; and T2X3, maturing on August 13– and a US dollar-linked one, D31O3, maturing on October 31.

Source: Bueno Aires Herald May 18, 2023 15:27 UTC